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together with current valuations of all equipment and furnishings owned by, <br /> leased or temporarily assigned to the Center. In case of dissolution of the <br /> Center, such assigned or loaned items shall be returned to the lending govern- <br /> mental entity and all other items, or funds derived from the sale thereof, <br /> shall be refunded and distributed to those governmental agencies in proportion <br /> to their financial participation averaged over the preceding three year period. <br /> 12.0 LOCAL CONTROL AND INTERCONNECT. Each local government shall retain the <br /> responsibility and authority for its operational departments, and for such <br /> equipment and services as are required at its place of operation to inter- <br /> connect to the'Center's operations. Interconnecting equipment and services <br /> may be provided for in the Center's budget and operational program. <br /> 13.0 DISPATCH FACILITY FINANCING AND CONSTRUCTION. r <br /> 13.1 In order to provide necessary services for itself and for <br /> subscribers, it is advisable that Valley Cam construct a dispatch facility. <br /> The parties to this interlocal agreement agree that the participating cities <br /> shall contribute to the financing of the development of the dispatch facility <br /> in proportion to their share in Valley Com, as follows: <br /> Renton: $245,533 <br /> Kent: 222,609 <br /> Auburn: 203 <br /> Tukwila: 100,112 <br /> Total: $771,875 <br /> 13.2 The Administration Board shall authorize, and the Chairperson of <br /> the Administration Board shall execute, contracts for the development of the <br /> Valley Com Dispatch Center. Such contracts shall include, but not be limited <br /> to, contracts for•architectual, design, and project management services; real <br /> estate acquisition; engineering; and construction. <br /> 13.3 The financing of the property acquisition and construction of the <br /> facility shall be by loans from the i.ndividual, participating cities to Valley <br /> Com, and shall be evidenced by a promissory note from Valley Com to the <br /> individual, participating cities. The promissory note shall be for a ten -year <br /> period. Interest costs shall be determined by the ten -year general obligation <br /> bond index on the dates the monies are advanced, with repayment to be made in <br /> quarterly installments. Such quarterly installments shall include principle <br /> and interest. The notes shall be signed by the Chairperson of the <br /> Administration Board. <br /> 13.4 Payments on the promissory notes shall be from rates and charges. <br /> Valley Com shall establish a rate structure to the participating cities and <br /> subscribing agencies in an amount necessary to finance the operation of Valley <br /> Com and repayment of the loans. <br /> -5- <br />